Nanonets funding, investors and company details

Nanonets is an emerging Artificial Intelligence (AI) startup from [●], working in the space of AI-based document workflow automation. Founded by Prathamesh Juvatkar, Sarthak Jain.

Company: Nanonets Web Services Private Limited
Sector: Artificial Intelligence (AI)
Location: [●]
Founders: Prathamesh Juvatkar, Sarthak Jain
Total funding raised: ₹75.49 Cr

Company overview

Nanonets is a San Francisco-headquartered AI company founded in 2017 by Sarthak Jain (CEO) and Prathamesh Juvatkar (CTO), specializing in document processing automation.Nanonets provides cloud-based OCR + ML platform for intelligent document processing (IDP), automating data extraction from invoices, receipts, POs, contracts, claims for AP automation, order processing, and insurance workflows. Trusted by 35% Fortune 500 companies (Deloitte, EY, Roche, Asian Paints, Reliance), it serves 1,000+ enterprises with SOC2/GDPR/HIPAA compliance, offices in San Francisco and Mumbai, 100+ employees.Active (privately held, post-Series B). Raised $39M+ total funding including $29M Series B (March 2024, led by Accel with Elevation Capital, Y Combinator). Y Combinator W17 alum with rapid growth trajectory

Funding rounds

Latest round (Series A): $ 10.00 Mn (₹75.49 Cr.), 2022-02-17. Investors: Amar Goel, Gautam Kumar, Kushal Nahata, Krish Subramanian, Rajaraman Santhanam (Chargebee), Vara Kumar Namburu, Khadim Batti (Whatfix), Ashish Gupta (Helion), Nakul Aggarwal, Ritesh Arora (BrowserStack), Vetri Vellore (Ally), Ashton Kutcher, Y Combinator, Soma Capital, SV Angel